Things we’re reading today include … EU helps protect weak firms from foreign takeovers How deep will downturns in rich countries be? The dollar’s dominance masks China’s rise in finance Morgan Stanley CEO: coronavirus will continue to pose challenges U.S. loan program hits $350 billion cap leaving thousands of small businesses adrift Wall Street prepares…
Things we’re reading today include … The SEC’s Regulation Best Interest — are broker-dealers prepared to comply? Biggest Wall Street banks set aside $25bn for loan losses Wells Fargo, BofA and JPMorgan grant overdraft relief as stimulus checks roll in With confidence shattered, the road to a ‘normal’ U.S. economy looks long Exclusive: New York…
Things we’re reading today include …. IMF has no experience of recession arriving with such ferocity | Larry Elliott JP Morgan sets aside $8.3bn to cover Covid-19 losses UK economy could shrink by 35% with 2m job losses, warns OBR Not even Wall Street titans know the true cost of the coronavirus crisis Coronavirus: ‘World…
Things we’re reading today include … A Wall Street Bank’s Hard-Driving Culture Pushes Traders Into the Office Former Barclays banker cleared of fraud hits out at SFO’s powers ‘Banks will behave better this time than during financial crisis’ Millions in UK having to choose between paying rent and eating, poll suggests US’s digital divide ‘is…
Things we’re reading today include … US banks to report earnings under shadow of coronavirus What to Keep an Eye On in Q1 Bank Earnings Reports Just 1.4% of firms enquiring about UK coronavirus business loans successful Loans scheme must work faster, government admits Banks should not be shamed into a do-gooder lending binge Going…
Things we’re reading today include … Coronavirus: Banks’ top brass forgo bonuses UK economy already flatlining before coronavirus, figures reveal Hedge funds ‘raking in billions’ during coronavirus crisis Wall Street rises on latest Fed rescue program IMF chief: World facing worst economic crisis since Great Depression Bank of England to finance UK government Covid-19 crisis…
Things we’re reading today include …. Fraudsters likely to target furlough scheme, says HMRC chief Union calls for cash payment ban on UK buses over coronavirus Virus could push half a billion people into poverty Why a lot of startups will come to regret their unicorn status How sick might banks get? Contactless cards fuel…
Things we’re reading today include … Have the banks played a blinder? Donald Trump ‘lost $1bn in a month’ from coronavirus lockdown WeWork sues SoftBank after withdrawal of $3bn deal U.S. Treasury talks continue on $25 billion in aviation grants Coronavirus: Twitter boss pledges $1bn for relief effort Calls for debt relief for world’s poorest…
Things we’re reading today include … How is your bank helping customers impacted by the Coronavirus pandemic? Allstate to return $600 million in auto premiums as coronavirus cuts driving Fed says it will provide financing against new U.S. ‘payroll protection’ loans Wall Street soars on hopes of slowing coronavirus deaths NYSE in talks with SEC…
